PYFRX vs. VEMBX
Compare and contrast key facts about Payden Floating Rate Fund (PYFRX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX).
PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013. VEMBX is managed by Vanguard. It was launched on Mar 10, 2016.
Performance
PYFRX vs. VEMBX - Performance Comparison
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PYFRX vs. VEMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYFRX Payden Floating Rate Fund | -0.20% | 6.61% | 8.90% | 12.86% | 0.27% | 3.93% | 1.72% | 8.49% | 0.31% | 2.72% |
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | -1.40% | 14.32% | 7.38% | 13.66% | -13.18% | -1.53% | 14.99% | 17.72% | -0.89% | 13.12% |
Returns By Period
In the year-to-date period, PYFRX achieves a -0.20% return, which is significantly higher than VEMBX's -1.40% return.
PYFRX
- 1D
- 0.11%
- 1M
- 0.46%
- YTD
- -0.20%
- 6M
- 1.50%
- 1Y
- 5.81%
- 3Y*
- 8.18%
- 5Y*
- 6.13%
- 10Y*
- 5.03%
VEMBX
- 1D
- 0.48%
- 1M
- -2.88%
- YTD
- -1.40%
- 6M
- 1.85%
- 1Y
- 9.48%
- 3Y*
- 10.29%
- 5Y*
- 4.09%
- 10Y*
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PYFRX vs. VEMBX - Expense Ratio Comparison
PYFRX has a 0.70% expense ratio, which is higher than VEMBX's 0.55% expense ratio.
Return for Risk
PYFRX vs. VEMBX — Risk / Return Rank
PYFRX
VEMBX
PYFRX vs. VEMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Floating Rate Fund (PYFRX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PYFRX | VEMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.81 | 1.96 | +0.85 |
Sortino ratioReturn per unit of downside risk | 3.65 | 2.83 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.41 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.33 | +0.12 |
Martin ratioReturn relative to average drawdown | 11.59 | 10.49 | +1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PYFRX | VEMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 1.96 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.18 | 0.65 | +2.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 1.02 | +0.34 |
Correlation
The correlation between PYFRX and VEMBX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PYFRX vs. VEMBX - Dividend Comparison
PYFRX's dividend yield for the trailing twelve months is around 7.22%, more than VEMBX's 5.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYFRX Payden Floating Rate Fund | 7.22% | 7.55% | 8.88% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% |
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | 5.66% | 6.20% | 6.86% | 7.06% | 5.43% | 5.00% | 4.50% | 6.27% | 4.81% | 6.50% | 0.00% | 0.00% |
Drawdowns
PYFRX vs. VEMBX - Drawdown Comparison
The maximum PYFRX drawdown since its inception was -20.18%, smaller than the maximum VEMBX drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for PYFRX and VEMBX.
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Drawdown Indicators
| PYFRX | VEMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.18% | -24.36% | +4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -4.16% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -4.80% | -24.36% | +19.56% |
Max Drawdown (10Y)Largest decline over 10 years | -20.18% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -3.30% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -3.93% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.95% | -0.47% |
Volatility
PYFRX vs. VEMBX - Volatility Comparison
The current volatility for Payden Floating Rate Fund (PYFRX) is 0.64%, while Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) has a volatility of 2.13%. This indicates that PYFRX experiences smaller price fluctuations and is considered to be less risky than VEMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYFRX | VEMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 2.13% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 2.90% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 5.07% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 6.29% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.62% | 6.37% | -2.75% |